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    1600 N Randall Rd Elgin, IL

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    For Lease
    $17 SF/Yr ($8,073 /Mo)

    Custom suites near Advocate Sherman Hospital with tenant improvement allowance.

    Property size:
    5,458 SF
    Lot size:
    6.07 Acres

    Property Features for 1600 N Randall Rd

    General Information

    Size
    5,458 SF
    Lot size
    6.07 Acres

    Source: SVN | Chicago Agent Olivia Czyzynski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elgin Medical/Office Space For Lease

    This property offers custom-designed suites with a generous tenant improvement allowance. Contiguous floor plates are available up to 20,399 square feet. A shared tenant conference room is available at no charge. Reserved parking is provided for physicians. Monument signage opportunities are available at Randall & Alft Rd. The location offers proximity to many restaurants and shopping options, with an excellent daytime population. It is located directly across from Advocate Sherman Hospital (0.4 miles), 2.6 miles to AMITA Health St. Joseph Hospital, 10 miles to AMITA Health St. Alexius Hospital and 13.5 miles to Northwestern Delnor Hospital. The property is located ¼ mile from Full I-90 Interchange, at the signalized intersection of Randall and Alft Roads. The property is suitable for medical offices and general office use.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Elgin
    County
    Cook
    State
    Illinois
    Longitude
    -88.2558525
    Latitude
    42.0352856

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    FAQs

    What type of property is this?
    Medical office - Custom suites near Advocate Sherman Hospital with tenant improvement allowance.
    Where is this medical office located?
    The property is located at 1600 N Randall Rd Elgin, IL.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Directly across from Advocate Sherman Hospital (0.4 miles); - Custom Designed Suites Offered with generous TI Allowance; - **Contiguous Floor Plates Up To 20,399 SF**
    (312) 676-1866
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    1600 N Randall Rd Elgin, IL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 N Randall Rd Elgin, IL
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